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Modify Fixed Assets organization settings

Update Fixed Assets settings when thresholds, subaccounts, or posting behavior need to change, resulting in a configuration that matches your accounting policy.

Workflow

Step 1

Open Settings

Start from the organization settings area so the financial configuration menu is visible.

Organization Settings page with SP Testing 4ever selected.

Step 2

Open Fixed Assets

Select Fixed Assets under Financial to manage thresholds, posting, and subaccount defaults.

Fixed Assets settings page with threshold, journal entry grouping, and subaccount sections.

Step 3

Review threshold

Confirm the minimum amount Truewind should use when AI identifies fixed asset transactions.

Fixed Assets Threshold card showing the current fixed assets threshold amount.

Step 4

Save threshold

After adjusting the amount, use Save to apply the threshold to future fixed asset detection.

Fixed Assets Threshold card with an edited threshold amount and Save button.

Step 5

Review grouping

Check whether depreciation journal entries should be grouped by asset account or posted per individual asset.

Journal Entry Grouping card showing the selected grouping mode.

Step 6

Choose grouping

Open the grouping menu to compare the available posting modes before selecting one.

Journal Entry Grouping menu with Individual asset and Asset account options.

Step 7

Review defaults

Use the subaccount table to confirm existing asset account mappings and depreciation defaults.

Fixed Asset Sub Accounts table showing asset accounts and default depreciation settings.

Step 8

Add account

Use Add Account when a new fixed asset account needs default depreciation behavior.

Add Fixed Asset Account dialog for configuring account defaults.

Step 9

Choose asset account

Select the fixed asset account that should receive the default depreciation settings.

Add Fixed Asset Account dialog with the asset account search filtered to Computers and Equipment.

Step 10

Review depreciation status

Leave Non Depreciating Asset off when the account should generate depreciation schedules.

Add Fixed Asset Account dialog showing the Non Depreciating Asset toggle.

Step 11

Choose method

Select the depreciation method that should be used by default for assets in this account.

Depreciation Method menu with Straight Line and accelerated depreciation options.

Step 12

Choose expense account

Pick the depreciation expense account that should be used on generated journal entries.

Depreciation Expense Account search filtered to the Depreciation account.

Step 13

Choose accumulated account

Pick the accumulated depreciation account that should offset the asset balance.

Accumulated Depreciation Account search filtered to a computers accumulated depreciation account.

Step 14

Enter useful life

Set the default useful life in months so new schedules use the expected term.

Add Fixed Asset Account dialog with useful life set to 60 months.

Step 15

Review account defaults

Confirm the account, method, depreciation accounts, and useful life before saving the default.

Add Fixed Asset Account dialog ready for final review before saving account defaults.

Step 16

Review auto-post

Check whether Truewind should automatically post depreciation journal entries for fixed asset accounts.

Fixed Asset Sub Accounts section showing the Auto post depreciation journal entries toggle.

Step 17

Review subaccounts

Use the table to verify each asset account's method, depreciation accounts, disposal account, useful life, and depreciating status.

Fixed Asset Sub Accounts table with account defaults for depreciation and disposal settings.

Settings to review

Confirm the threshold, depreciation defaults, useful life, and auto-posting behavior before month-end Fixed Asset work begins.

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